Financing type: non-brokered private placement
Gross proceeds: $27,499,999.02
Offering: 35,256,409 listed shares with 35,256,409 warrants attached
Offering price: 78 cents per listed share
Warrant exercise terms: $1.10 per warrant for a five-year period, subject to an acceleration right
Non-cash commissions: 1,025,000 finders' shares and 1,025,000 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at $1.10 for a five-year period, subject to an acceleration right.
Public disclosure: Refer to the company's news releases dated June 5, 2024, June 10, 2024, June 14, 2024, and June 21, 2024.
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